Timed Debt Elimination

The Timed Debt Elimination Schedule is designed to take all of the current debt information and project a possible solution for eliminating the debt within a given time period.

How does it work?

Simply enter in a time period in which all debts are paid off. Any debt not paid off by this time frame is recalculated. A new monthly payment is determined in order to pay off the debt in the specified time frame. Note: This particular plan increases the current monthly debt payments, but saves money in interest payments by paying the debts off early.  

Information about each debt is entered through the Enter Debt Information form and includes the name of the debt, minimum payment, current payment, balance, interest rate and a user specified payoff priority.

Debt Analyzer Window
 
Months to Pay
Enter the number of months in which all debts should be paid off. In the image above, the program is instructed to calculate payments so that all debts are paid in 24 months. Any debt not paid off by this time frame will be recalculated.